(a) A person holding a mineral lease shall notify the owner of the mineral rights upon which the lease has been given upon the first transfer of the mineral lease to another person if the transfer occurs within twenty-four (24) months after the execution of the lease.
(b) The written notice shall include:
(1) The name of the buyer of the mineral lease;
(2) The address of the buyer of the mineral lease; and
(3) Information on how to contact the buyer of the mineral lease.
(c) The written notice shall be sent through the United States Postal Service by first class mail.
(d) This section shall apply to a mineral lease entered into after August 1, 2009.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 6 - Oil, Gas, and Brine
Chapter 73 - Oil And Gas Leases And Lease Interests
Subchapter 2 - Leases Generally
§ 15-73-201. Lease extended by production — Scope
§ 15-73-203. Forfeiture of oil, gas, or mineral leases — Duty of lessee to cancel or release
§ 15-73-204. Notice to lessee to release forfeited lease — Damages for failure to release
§ 15-73-205. Failure to pay rental installment — Endorsement of forfeiture